All Forum Posts by: Mamadou Diallo

@Davon Johnson

This link below should be able to provide you the information you’re looking for. You should be able to apply for the permit online as well:

https://dhcd.baltimorecity.gov/pi/permits

Good luck!

@Jordan Parnell

Hello Jordan,

Good luck on your journey to becoming a doctor. I also faced this dilemma while in undergrad school finishing up my Mechanical Engineering degree. Unfortunately I only learned about RE during my junior year. It was a slow learning process since I didn’t have any person to show me the ropes and had many school projects and assignments to work on, not to mention I was working almost 30hours every week to pay for college and get out debt free. I also didn’t have cash reserves for even a downpayment on a property.

However, you’re already aware of RE at your age and have someone willing to show you the ropes. I suggest you tag along and learn as much as you can with them. 12 years is a long time and you can make lots of progress in that time period even if you were to just focus on RE during the summer break. Once you understand and have a strategy, it’s not that hard. You can definitely do it alongside college. Even you asking this question is your mind just looking for a reason to stop you. Your mind will always give you good reasons as to why this is not a good time.

@Jason Mayers

Hello Jason,

Congrats on the done deals. I am an investor and wholesaler primarily focused in Baltimore MD. I grew and lived here, and worked as well doing deliveries in my earlier years (grubhub mostly).. Baltimore varies mostly block by block to be honest as mentioned by everyone else. However, there are a few hub spots that are better to invest in that do not meet this block by block generalization. Some are at the borderlines where Baltimore City and County meet.

If you do still intend on invest in Baltimore, I would still encourage you to try and look at the property in person first. You live in philly. It’s not ideal but it’s only a 2 hour drive. We’ve spent worst things on 2 hours, or 4 hours in my opinion. It’s definitely a plus to also have and know a network of people familiar with the city.

Thank you @Solomon Morris and everyone else. I had a plumber come in and further inspect the system of the house. The property isn't worth buying as is for the price they're asking for when one can get a rehabbed property for an additional $10k-20k of what the seller is asking. Will keep looking for now but we definitely learned a lot during this process.

Noted @Alan C.. Thank you!

@Matthew Paul thank you.

Hello!

My wife and I are currently in the process of purchasing our first property in Baltimore city, MD and were hoping to get some guidance from an experienced investor in the area about some the items that were reported in the inspection. I was hoping to find someone willing to spend an hour with me to go over this on the phone. I do not mind paying for an hour of advice. Hopefully this is not against forum guidelines.

First off, the property was built in 1929 with radiant heating. It's been well taken care of overall. however, i understand that normal wear and tear is expected to occur. The following were the things that have concerned me. I am oping to get an idea of the difficulty/cost to repair these things. Our plan is to use this property as primary residency since the mortgage is half of what we are currently paying for rent in order to save more money and purchase more properties. It could also serve as a good section 8 rental in the future by adding an additional bed room.

1. the door at the rear of the basement has a well with no where for drainage. Will installing a drainage system be a difficult/expensive task?

2. main bathroom: the toilet wasn't flushing and will most likely need to be replaced. the tiles on the floor and along the wall were also showing signs of coming off and will need to be replaced. 

3. flat roofing material has aged and will most likely need to be replaced soon. 

4. water heater is working but has met its life expectancy; will need to be replaced soon.

5. water supply piping has started rusting in certain areas and will soon need to be replaced

6. radiator in the main bathroom on 2nd floor not functioning

7. oil/water boiler has met life expectancy and will need to be replaced soon

8. chimney shows major deterioration/damage from exterior and needs further inspection

9. wood framing in the rear of basement shows evidence of rot. the kitchen is directly above this area of the basement. extent of damage could not be determined due to insulations and will need further inspection

10. pavement in the back of the property have cracks that are leading rain water towards the house. we were hoping to renovate this so that the water is diverted away from the house.

Looking for CPA recommendations in the Area that are Real Estate investment friendly/experienced.

@Eric Kummer,

Welcome and good luck in your investing journey.

@Andrew Uyghur,

Congrats. Theresa makes some good points. Have you considered reaching out to the previous owner if you can? Perhaps they might want to take remove the items themselves and spare you having to spend the time and money to do so. Would love to hear what other experienced investors think about this approach. Good Luck.